Peloton Interactive, Inc. (NASDAQ:PTON) Receives $4.52 Average PT from Brokerages

Shares of Peloton Interactive, Inc. (NASDAQ:PTON) have received a consensus recommendation of “Hold” from the nineteen ratings firms that are presently covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, sixteen have issued a hold recommendation and two have issued a buy recommendation on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $6.05.

Several equities research analysts have recently issued reports on the company. TD Cowen raised their price objective on Peloton Interactive from $3.00 to $4.00 and gave the company a “hold” rating in a research note on Friday, August 23rd. Needham & Company LLC reissued a “hold” rating on shares of Peloton Interactive in a research note on Friday. Roth Mkm raised their price target on Peloton Interactive from $5.00 to $6.00 and gave the stock a “buy” rating in a research note on Friday, August 23rd. JPMorgan Chase & Co. raised their price target on Peloton Interactive from $5.00 to $7.00 and gave the stock a “neutral” rating in a research note on Friday. Finally, Robert W. Baird raised their price target on Peloton Interactive from $4.75 to $8.00 and gave the stock a “neutral” rating in a research note on Friday.

Peloton Interactive Price Performance

NASDAQ:PTON opened at $7.25 on Thursday. The firm has a market capitalization of $2.73 billion, a price-to-earnings ratio of -6.78 and a beta of 1.92. Peloton Interactive has a 1 year low of $2.70 and a 1 year high of $8.92. The business has a 50 day simple moving average of $5.11 and a 200-day simple moving average of $4.07.

Peloton Interactive (NASDAQ:PTON) last posted its quarterly earnings data on Thursday, October 31st. The company reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.15) by ($0.01). The firm had revenue of $586.00 million during the quarter, compared to analyst estimates of $572.97 million. Peloton Interactive’s revenue was down 1.6% on a year-over-year basis. During the same period last year, the firm earned ($0.44) earnings per share. As a group, analysts expect that Peloton Interactive will post -0.65 earnings per share for the current fiscal year.

Insider Activity

In other news, CAO Saqib Baig sold 50,000 shares of Peloton Interactive stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $4.88, for a total value of $244,000.00. Following the transaction, the chief accounting officer now directly owns 87,014 shares in the company, valued at approximately $424,628.32. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, insider Nick V. Caldwell purchased 31,337 shares of the business’s stock in a transaction dated Friday, August 23rd. The shares were acquired at an average cost of $4.25 per share, for a total transaction of $133,182.25. Following the acquisition, the insider now owns 31,337 shares of the company’s stock, valued at $133,182.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Saqib Baig sold 50,000 shares of the business’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $4.88, for a total value of $244,000.00. Following the transaction, the chief accounting officer now owns 87,014 shares in the company, valued at approximately $424,628.32. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 167,880 shares of company stock worth $815,767. 1.34% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in PTON. Vanguard Group Inc. grew its stake in Peloton Interactive by 2.5% during the 4th quarter. Vanguard Group Inc. now owns 30,339,435 shares of the company’s stock worth $184,767,000 after buying an additional 735,658 shares during the last quarter. State of Michigan Retirement System grew its holdings in shares of Peloton Interactive by 412.1% during the first quarter. State of Michigan Retirement System now owns 596,477 shares of the company’s stock valued at $2,556,000 after buying an additional 480,000 shares during the last quarter. First Trust Direct Indexing L.P. acquired a new position in shares of Peloton Interactive in the 1st quarter valued at $94,000. Manchester Capital Management LLC raised its stake in Peloton Interactive by 105.4% in the 1st quarter. Manchester Capital Management LLC now owns 235,000 shares of the company’s stock worth $1,007,000 after acquiring an additional 120,600 shares during the last quarter. Finally, Swiss National Bank lifted its position in Peloton Interactive by 1.2% during the 1st quarter. Swiss National Bank now owns 642,200 shares of the company’s stock worth $2,752,000 after acquiring an additional 7,600 shares during the period. 77.01% of the stock is currently owned by hedge funds and other institutional investors.

About Peloton Interactive

Peloton Interactive, Inc operates interactive fitness platform in North America and internationally. The company offers connected fitness products with touchscreen that streams live and on-demand classes under the Peloton Bike, Peloton Bike+, Peloton Tread, Peloton Tread+, Peloton Guide, and Peloton Row names.